Goodbye to the Esterometer: changes from 2022

Article 1, paragraph 1103 of the 2021 Budget Law provides that, as of 1 January 2022, it will no longer be necessary to submit the so-called “esterometer”, as the data relating to transactions involving the supply of goods and services made and received to and from persons not established in the Italian territory will have to be transmitted electronically using the Interchange System (SDI) in accordance with the electronic invoice format.

The purpose of the amendment is to simplify the obligations of VAT taxpayers, providing that a single transmission channel, the Interchange System, may be used both to transmit electronic invoices and to send the Agency the data of transactions with foreign countries, thus eliminating the obligation to transmit a special communication only for cross-border transactions. Novelties are also envisaged about penalties: new penalties applicable to transactions carried out as from 1 January 2022 are introduced.

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